$210,000
0.06 Acres
Land
Andrew L Pariser, Listing Office: Long & Foster Real Estate, Inc.
Is 20011, DC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 20011 was a Seller's Market.
Key Takeaway
20011 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 20011, DC
How much do homes in 20011, DC cost?
Median Sold Price
$693,248
$406/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,751(-3.0%)
Key Takeaway
Homes in 20011 have sold for 3% less than they did a year ago.
Summary: The median home sold price in 20011 was $693,248 in October 2024, down 3% from last year, and the median price per square foot was $406.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $245K | -10.9% |
| 2 Bedrooms | $465K | $496.5K | +6.8% |
| 3 Bedrooms | $695K | $630K | -9.4% |
| 4 Bedrooms | $874.8K | $823.5K | -5.9% |
| 5+ Bedrooms | $1.3M | $1.1M | -11.9% |
Summary: 20011 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes decreased by 11.9%.
Housing Supply in 20011, DC
How many homes are available in 20011, DC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 316 | 380 | +20.3% |
Summary: The 20011 real estate market had 380 homes for sale in October 2024, a 20.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 33 | +13.8% |
| 2 Bedrooms | 56 | 73 | +30.4% |
| 3 Bedrooms | 102 | 119 | +16.7% |
| 4 Bedrooms | 93 | 115 | +23.7% |
| 5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The 20011 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.8%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 20011, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in 20011 in October 2024, up by 12.5% month-over-month. Of the 45 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for 20011, DC
How long does it take to sell a home in 20011, DC?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 39 Days | +64.2% |
Summary: Homes in 20011 had an average of 39 days on market in Oct 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 20011 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 45 homes were sold in 20011; 56% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
